I'm looking at interest rates, a lot of other things impacting the market. I said I need an incentive. So I went to my Republican and Democratic friends in Harrisburg and I said I need a 20-year tax abatement [to incentivize private sector development in Philadelphia]. I've got to make the private sector an offer they can't refuse. Government owned land, a 20 year abatement for you to convert any office buildings or government owned buildings into housing. (30:29–30:39)
CLAIM
Asserts the need for a 20-year tax abatement to incentivize private sector development in Philadelphia.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
